Pretium Resources Inc (PVG) Shares Up 3.5%
Pretium Resources Inc (TSE:PVG) (NYSE:PVG) shot up 3.5% during mid-day trading on Thursday . The company traded as high as C$14.44 and last traded at C$14.37. 465,327 shares were traded during mid-day trading, a decline of 24% from the average session volume of 615,038 shares. The stock had previously closed at C$13.89.
A number of brokerages have recently issued reports on PVG. Numis Securities Ltd reaffirmed a “buy” rating and issued a C$22.00 target price on shares of Pretium Resources in a report on Thursday, October 12th. Scotiabank raised shares of Pretium Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$16.50 to C$17.00 in a report on Thursday, October 12th. CIBC upped their target price on shares of Pretium Resources from C$15.75 to C$18.00 and gave the company an “outperform” rating in a report on Friday, October 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$19.50 target price on shares of Pretium Resources in a report on Wednesday, July 5th. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$18.00.
The company’s 50-day moving average price is $11.88 and its 200 day moving average price is $12.21. The company’s market cap is $2.55 billion.
In other news, Director George Nickolas Paspalas sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of C$15.33, for a total value of C$766,500.00. Also, Director Robert Allan Quartermain purchased 22,800 shares of the stock in a transaction dated Thursday, September 7th. The stock was acquired at an average cost of C$10.52 per share, for a total transaction of C$239,856.00.
Pretium Resources Company Profile
Pretium Resources Inc is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Company’s projects include Brucejack Project and the Snowfield Project, both of which are located in northwestern British Columbia.
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